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Shiba Inu

Shiba Inu coin was created anonymously in August 2020 under the pseudonym "Ryoshi." According to its whitepaper, Shiba Inu was created with the intention of creating a "100% community-led" cryptocurrency. Shiba Inu aims to be the Ethereum-based counterpart to Dogecoin's Srypt-based mining algorithm. Shiba Inu is widely considered to be a "memecoin" due to its high volatility and network effect, driven by influential commentators like Tesla CEO Elon Musk.

The cryptocurrency Shiba Inu was created in August 2020 by an anonymous person known as "Ryoshi."

Shiba Inu aims to be a 100% community-led, decentralized cryptocurrency which seeks complete independence from centralized authorities and takes pride in that it was not founded from an existing community. 

SHIB exists on the Ethereum blockchain because Ryoshi viewed it as a well-established, secure, and decentralized network that would allow the Shiba Inu project to be developed with zero outside regulation. 

Shiba Inu aims to be the Ethereum-based counterpart to Dogecoin’s Scrypt-based mining algorithm. 

When SHIB was created, 1 quadrillion tokens were minted. SHIB’s founder sent 50% of the total supply to Ethereum co-founder Vitalik Buterin, who then burned 90% of his holdings by sending the tokens to a dead blockchain address. Buterin said he’d donate the remaining 10% to charity. 

The remaining supply, which wasn’t sent to Buterin, is locked in Uniswap, which is a decentralized finance protocol used to exchange cryptocurrencies. 

The Shiba Inu community considers the crypto to be a "Dogecoin Killer" because it has the ability to top its memecoin rival's market cap without ever crossing the $0.01 mark. 

Shiba Inu is widely considered to be a memecoin due to its high volatility and potential risk, as well as its network effect, driven by influential commentators like Tesla CEO Elon Musk.

Bitcoin

Dogecoin

Bitcoin continued to fly higher during Monday's 24-hour trading session, which helped propel Shiba Inu (CRYPTO: SHIB) up over 6% before the micro crypto retraced to near flat amid increased positive sentiment in the crypto sector. While Bitcoin and Ethereum have witnessed a sharp rise over recent weeks, Shiba Inu has shown comparative weakness.

Shiba Inu Shows Weakness Compared To Bitcoin, Dogecoin But A Golden Cross Just Formed: A Technical Analysis

Shiba Inu (CRYPTO: SHIB) price in the past 24-hour trading has seen a surge of 4% amidst a significant surge in daily transaction volume. What Happened: Data from Shibarium Scan reflects Shibarium reported its daily transaction of 7.84 million as of Dec. 3, 2023, compared to 5.11 million as of Dec. 1, 2023, and 748,230 as of Nov. 30, 2023.

Shiba Inu Surges As Shibarium Daily Transactions Hit Record High Levels Of 7.84M

With the launch of Shibarium this year, Shytoshi Kusama and the SHIB community have established themselves as a force to be reckoned with in DeFi and Web3.

Shytoshi Kusama and the SHIB community Proved that ‘Meme Coins' Are No Joke

According to Lookonchain, a blockchain analysis firm, FTX and Alameda Research transferred digital assets amounting to $22 million.

FTX and Alameda Transfers $22M in Crypto Tokens to Exchanges, Including IMX, GMT and SHIB

The cryptocurrency market experienced a whirlwind of action over the week. From Shiba Inu's burn rate skyrocketing to the influx of Kissinger-themed tokens, the digital currency landscape was anything but dull.

From 'Dogecoin Killer' Shiba Inu's Burn Rate Surge To Bitcoin's ETF Approval And Possible BTC Boom: Crypto Weekend Roundup

Shiba Inu (SHIB) price has been falling over the past week and has been trapped within the moving average lines.

Shiba Inu's Price Fluctuates As It Is Held In A Range Of $0.0000084

Self-proclaimed ‘Dogecoin (CRYPTO: DOGE) killer' Shiba Inu (CRYPTO: SHIB) meme cryptocurrency has seen its burn rate — the rate at which coins are being permanently removed from circulation — skyrocket by a staggering 500% in the span of a single day. What Happened: Data from Shibburn, a SHIB burn tracker shows over 83 million SHIB tokens have vanished from its supply, suggesting a sudden and deliberate effort by holders to reduce the coin's supply.

'Dogecoin Killer' Shiba Inu Burn Rate Skyrockets By 500% As Shibarium Logs Over 4M Transactions

Shiba Inu's (CRYPTO: SHIB) token burn rate has catapulted by 5,000% in the last 24 hours, leading to the destruction of approximately 2.7 million SHIB tokens, data from Shibburn shows. What Happened: The act of “burning” involves sending the tokens to a wallet address that is not retrievable, effectively removing them from circulation in hopes of increasing scarcity.

'Dogecoin Killer' Shiba Inu's Blazing Burn Rate Soars 5,000%, 2.7M Tokens Gone In A Day

Ethereum

Chainlink

New data reveals that hundreds of millions of dollars worth of altcoins have been drained from firms linked to Tron (TRX) founder Justin Sun. According to data from blockchain tracker Lookonchain, during the past 20 days, five major hacks have occurred, totaling $290 million worth of stolen funds.

Over $100,000,000 in Ethereum, Shiba Inu, Chainlink and Other Crypto Assets Drained From Justin Sun-Linked Firms

Cryptocurrency analysts of Coinidol.com report, Shiba Inu (SHIB) price is falling after being rejected at a high of $0.00000950.

Shiba Inu Signals A Decline After Another Rejection At $0.00000830

Bitcoin (CRYPTO: BTC) has broken the psychologically important level of $38,000 amidst the hype surrounding the potential approval of spot Bitcoin exchange-traded funds (ETFs) and the recent settlement of Binance with the U.S. Department of Justice (DoJ). Bitcoin, the world's largest cryptocurrency by market capitalization, has been fluctuating in value over the past few weeks.

ETF Hype, Binance Settlement Ignites Bitcoin Rally; Shiba Inu, Dogecoin Soar: Will $40,000 Be The Next BTC Target?

Shiba Inu (SHIB) has announced a crucial partnership with Atomic Wallet to expose its tokens to over five million users. Meanwhile, Ethereum (ETH) saw a price surge after BlackRock took a significant step ahead in the approval of a spot Ethereum ETF.

Missed The Shiba Inu And Ethereum Surge? Uncover The Upcoming Hidden Gem In Cryptocurrency!

More than $86.6 million in cryptocurrencies were illicitly moved from the HECO Chain bridge to questionable addresses, indicating a possible ongoing breach of the bridge. Tron's (CRYPTO: TRON) founder Justin Sun has assured that HTX will cover all losses users suffered due to this security breach.

HECO Breach Sees $86M In Ether, Shiba Inu Vanish: Tron Will Cover Losses, CEO Says

A pseudonymous crypto trader and analyst noted momentum in the meme coin space, stating, “dog coins on the move” as Shiba Inu (CRYPTO: SHIB) begins “to run.” What Happened: Kaleo on Saturday said that the meme coin had broken above a horizontal resistance.

'Dog Coins On The Move': Crypto Analyst Predicts Shiba Inu Surging Over 75% In Less Than A Month, Finds Floki 'Interesting'

A widely followed crypto trader believes that top memecoin Shiba Inu (SHIB) is poised to print massive gains in the coming days. Analyst Kaleo tells his 605,700 followers on the social media platform X that Shiba Inu looks primed for a run-up after breaking above a horizontal resistance and retesting it as support.

Crypto Analyst Predicts Imminent Rally for Shiba Inu and One SHIB Rival, Updates Forecast on Bitcoin

Shiba Inu (SHIB) has reached the projected price target of $0.00000918 or the 1.618 level of the Fibonacci extension.

Shiba Inu Coin Holds At $0.0000095 As Buyers Recoup Their Investment

Shiba Inu (CRYPTO: SHIB) has seen a 1400% increase in its burn rate over the past 24 hours, as 105 million SHIB tokens were transferred to a dead wallet on Thursday. What Happened: This surge in token burning coincides with the news that retired boxing star Manny Pacquiao's charitable organization will be adopting the Shiba Inu network to boost its fundraising initiatives.

Shiba Inu Burn Rate Skyrockets 1400% After 105M SHIB Sent To A Dead Wallet: Analyst Predicts Potential 2X Rally By December

The Shiba Inu (CRYPTO: SHIB) ecosystem Shibarium, the ecosystem's burgeoning layer 2 blockchain, will be instrumental in fundraising and operational activities for the Manny Pacquiao Foundation starting Wednesday, as indicated by developers in a statement to CoinDesk. What Happened: The foundation, named after and led by the eight-division World Boxing Champion and former Philippine Senator Emmanuel (Manny) Pacquiao, is no stranger to cryptocurrency, having accepted SHIB on its website since 2021.

Shiba Inu Ecosystem Scores Partnership With Boxing Legend Pacquiao's Foundation: 'Will Allow Us To Continue This Good Work'

Manny Pacquaio's non-profit will use Shibarium for fundraising and operational activities.

Manny Pacquiao Turns to Shiba Inu to Help His Foundation

The charitable foundation established by the eight-time WBC champion will use the Shibarium blockchain to optimize fundraising, distribution, and other operations.

Former Boxing Champ Manny Pacquiao's Foundation Will Use Shibarium for Its Operations

Shiba Inu (CRYPTO: SHIB) was volatile during Tuesday's 24-hour trading session, briefly firming up to trade flat before falling over 4%. The downturn comes following a disclosure that the corporate registration supposedly submitted for the iShares XRP Trust turned out to be a hoax.

Shiba Inu Falls In Tandem With Dogecoin As Crypto Sector Pulls Back: The Bull, Bear Case

The meme cryptocurrency MEME has significantly outperformed its counterparts, Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB). What Happened: MEME's value soared by 50% to trade at a price of $0.33, despite its peers experiencing declines; DOGE and SHIB fell by 2-4%, trading at $0.074 and $0.000008548, respectively.

MEME Coin With 'No Utility, No Roadmap, No Promises' Steals Spotlights From Dogecoin, Shiba Inu — Skyrockets With 50% Gains

Shiba Inu (SHIB) prices are in a sideways trend after peaking on November 6th. Today, November 11th, SHIB is trading at $0.00000832.

Shiba Inu Price Is Trapped; Moving In A Range of $0.0000086

A widely followed crypto trader is expressing bullish sentiment for one memecoin rival of Dogecoin (DOGE) and Shiba Inu (SHIB). Pseudonymous analyst Bluntz tells his 227,700 followers on the social media platform X that Pepe (PEPE) could soar by more than 30% from its current value.

Top Analyst Says ‘Rage Pump' Loading for Dogecoin (DOGE) and Shiba Inu (SHIB) Rival – Here Are His Targets

Shiba Inu (CRYPTO: SHIB) is trading lower by 2.7% to the $0.000008-level Thursday afternoon, pulling back following recent strength. The cryptocurrency market, including Shiba Inu, has seen volatility in recent weeks to growing optimism about the approval of a Bitcoin ETF.

News for Shiba Inu Crypto (SHIB)